New York, June 15, 2026, 08:01 EDT
- Tesla was up in premarket trading, gaining as U.S. stock futures advanced with risk appetite pushing markets higher.
- Reuters published fresh safety data on Tesla’s Full Self-Driving system. The numbers raise more regulatory questions in Europe.
- Tesla still needs broader European sign-off for FSD. Next up, markets look to Q2 delivery figures. Earnings hit in July.
Tesla was up in early Monday moves, trading mostly in line with the market, with no clear Tesla-specific news. The stock finished Friday at $406.43, up 1.82% according to Google Finance, and was quoted around $412.09 premarket. Barron’s had premarket levels at 1.5% to $412.42. Weekend reports said Washington and Tehran had a deal in principle to halt the Iran conflict and reopen the Strait of Hormuz. Oil fell more than 5%, helping U.S. futures. Money came in Monday expecting softer oil-led inflation and some rotation into growth shares.
Tesla shares keep trading more like a tech name than a car maker, with a P/E just over 371. That leaves little cushion if earnings slip. The average 12-month analyst price target on Google Finance was $404.54, just about even with the last close. Out of 30 analysts watching the stock, 12 rated it a buy, 15 were neutral, and 3 were bearish. Cheap oil tends to lift stocks in general, but can also make traditional gas vehicles cheaper to operate than EVs, which might pressure electric car demand.
Tesla stock is in focus again over Full Self-Driving, after Reuters said Monday the company gave regulators in Sweden and the Netherlands its own published safety data. Traffic-safety experts interviewed by Reuters called Tesla’s numbers “misleading marketing.” The company did not answer Reuters’ questions. Netherlands agency RDW approved FSD in April and is pushing for wider EU approval, Reuters said. In Sweden, Anders Eriksson at the transport agency told Reuters they “look beyond headline figures.” FSD approval matters for Tesla shares, since Tesla ties European signoff to its sales targets while Chinese EV rivals gain ground. Reuters
Tesla bulls are still in. Q1 revenue came in at $22.39 billion with non-GAAP diluted EPS at $0.41. Free cash flow hit $1.44 billion after spending on capex. The company reported paid Robotaxi miles nearly doubled from Q4, with unsupervised rides going live in Dallas and Houston this April. Tesla’s management kept the 2026 timeline for big volume on the Cybercab, Tesla Semi, and Megapack 3. On the weak side, it delivered 358,023 vehicles for Q1 while building 408,386. The shortfall points to ongoing questions about demand and builds inventory risk. There’s also a possibility that regulators target the high-margin software that helps justify Tesla’s premium valuation.
European approval for Tesla’s FSD is still the main event ahead. Reuters said FSD needs the OK from EU countries making up 55% of member states and 65% of the population before it can launch in Europe. Next on the calendar is Q2 deliveries, then earnings. Some outside calendars point to July 22 for that, but Tesla hasn’t posted a Q2 2026 earnings date on its investor site. Tesla stock is seen as fairly valued to risky, not cheap. Shares could hold up if Tesla delivers on autonomy, software, and robotaxi targets, but the stock is at risk if deliveries miss, if regulators push back, or if a P/E above 370 doesn’t look sustainable.
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